Latest news in Retirement

The real reason some staff don’t contribute to workplace savings plans

The real reason some staff don’t contribute to workplace savings plans

Take the free money. This is my regular mantra for employees in employer-sponsored retirement plans. But many employees don’t enrol in company-sponsored plans or don’t take the…

  • October 16, 2018 September 13, 2019
  • 08:30

Pension stakeholders call on feds to remove barriers to longevity risk pooling

Seven major pension stakeholders are urging the federal government to make longevity risk-pooling arrangements  available to Canadians. The group includes the Association of Canadian Pension…

  • By: Staff
  • October 15, 2018 February 8, 2023
  • 09:20
Do TDF’s glide paths still make sense in Canada’s retirement landscape?

Do TDF’s glide paths still make sense in Canada’s retirement landscape?

The use of target-date funds is on the rise in Canada, with more members of capital accumulation plans being offered the investment option every year.…

Non-profit sector faces barriers in offering retirement benefits

Non-profit sector faces barriers in offering retirement benefits

The majority (84 per cent) of organizations in Canada’s non-profit sector said inconsistent revenue or funding is the biggest barrier to offering a pension plan,…

  • By: Staff
  • October 9, 2018 September 13, 2019
  • 10:13
Two-thirds of Canadians would switch jobs for a group savings plan: survey

Two-thirds of Canadians would switch jobs for a group savings plan: survey

More than two-thirds (69 per cent) of Canadians would choose a new job with a group savings plan instead of staying at a current job without…

  • By: Staff
  • October 3, 2018 September 13, 2019
  • 16:00
Indigo to pilot Great-West Life’s student debt savings program

Indigo to pilot Great-West Life’s student debt savings program

Indigo Books & Music Inc. is the first national employer to pilot the Great-West Life Assurance Co.’s student debt savings program. Employees in the program will…

  • By: Staff
  • October 3, 2018 September 13, 2019
  • 09:52
Pensions, retirement savings lead industry growth: CLHIA

Pensions, retirement savings lead industry growth: CLHIA

The pension and retirement savings was once again the growth leader in the life and health insurance industry in 2017, according to the Canadian Life…

  • By: Staff
  • September 28, 2018 September 13, 2019
  • 09:00
Executive compensation not as simple as higher salary, bonuses

Executive compensation not as simple as higher salary, bonuses

The idea that health, drug and retirement benefits draw in top executive talent is overly simplistic and worth delving into deeper, according to Jonathan Foster, vice-president…

CAP sponsors not satisfied with retirement products in Canadian market

Canadian plan sponsors aren’t satisfied with the retirement products available for capital accumulation plans and aren’t especially confident their members will have the income they…

Employers have role in mitigating impact of financial stress: report

Employers have role in mitigating impact of financial stress: report

Stress related to financial well-being has a major impact on the workforce, according to a new report by Arthur J. Gallagher and Co. With Canadians loaded down by…

  • By: Staff
  • September 18, 2018 September 13, 2019
  • 16:00
Longer living Canadians need option of standalone longevity insurance: report

Longer living Canadians need option of standalone longevity insurance: report

Longer living Canadians should have the option of pure longevity insurance and the government should facilitate Canadian insurers’ ability to offer it, according to a new…

  • By: Staff
  • September 18, 2018 September 13, 2019
  • 10:28
Rising cost of drugs, benefits plans top priorities for employers: survey

Rising cost of drugs, benefits plans top priorities for employers: survey

The escalating cost of drugs and benefits plans are among the top priorities for Canadian employers, according to a new survey by Aon. The survey, which polled nearly 200 Canadian plan sponsors…

  • By: Staff
  • September 7, 2018 September 13, 2019
  • 09:15
Canada rises two spots in global retirement index: report

Canada rises two spots in global retirement index: report

Canada rose two spots to No. 9 among 43 countries in Natixis Investment Managers’ 2018 global retirement index. The modest rise in Canada’s ranking is…

Half of Canadians say financial stress is affecting workplace performance: survey

Half of Canadians say financial stress is affecting workplace performance: survey

Nearly half (46 per cent) of Canadian employees said financial stress is impacting their workplace performance, according to a new survey by the Canadian Payroll Association. The…

  • By: Staff
  • September 5, 2018 September 13, 2019
  • 15:30
Employers more confident than staff about prospect of comfortable retirement: survey

Employers more confident than staff about prospect of comfortable retirement: survey

While 71 per cent of American employers said they’re confident their employees will have a financially secure retirement, just 62 per cent of employees said the same,…

  • By: Staff
  • August 27, 2018 September 13, 2019
  • 16:45
Sounding Board: How the APS Corp. uses analytics for more efficient pension services

Sounding Board: How the APS Corp. uses analytics for more efficient pension services

Three years ago, the Alberta Pensions Services Corp. was facing a bitter fact. Though one of our key corporate goals is to begin paying benefits…

How are retirement solutions affected by wealthier Canadians living longer?

How are retirement solutions affected by wealthier Canadians living longer?

While Canadians’ increasing longevity has been a growing issue for pension plans and providers alike, its effect on quality of living can vary significantly across income…

  • By: Staff
  • August 24, 2018 September 13, 2019
  • 09:00
Retirement program for non-profit sector seeking feedback on plan design

Retirement program for non-profit sector seeking feedback on plan design

The Common Good Retirement Initiative is seeking feedback on the design of a collective retirement plan for Canadian employees in the non-profit and charitable sector. The initiative,…

  • By: Staff
  • August 23, 2018 September 13, 2019
  • 15:00
New agreement for N.S. health-care workers includes retention incentive, retirement allowance

New agreement for N.S. health-care workers includes retention incentive, retirement allowance

A new collective agreement for 6,500 health-care employees in Nova Scotia includes a new employee retention incentive and the option to take a payout from…

Governance lessons from B.C.’s public sector pension plans

Governance lessons from B.C.’s public sector pension plans

While retirement income security is top of mind for many Canadians, British Columbia’s public sector pension plans are noteworthy models that can be emulated by sponsors…

  • August 15, 2018 September 13, 2019
  • 08:00
Improving employee mental health among top HR priorities for 2019

Improving employee mental health among top HR priorities for 2019

Improving the mental health of employees ranks ahead of physical health and wellness as a top priority for human resources leaders for 2019, according to a…

  • By: Staff
  • August 14, 2018 September 13, 2019
  • 10:09
Mercer to acquire Pavilion’s investment consulting business

Mercer to acquire Pavilion’s investment consulting business

Mercer is acquiring the investment consulting, alternatives consulting and wealth management operations of Pavilion Financial Corp. Pavilion, a global investment services firm with about 300…

  • By: Staff
  • August 14, 2018 September 13, 2019
  • 09:38
61% of older U.S. workers have faced age discrimination: survey

61% of older U.S. workers have faced age discrimination: survey

Nearly two-thirds (61 per cent) of older workers in the United States said they’ve experienced age discrimination in the workplace, according to a survey by the…

  • By: Staff
  • August 13, 2018 September 13, 2019
  • 15:30
Editorial: Creative covers, a prognosis for the future and a note of thanks

Editorial: Creative covers, a prognosis for the future and a note of thanks

How do the following sound as headlines for the cover of Benefits Canada? Are they likely to make the cut any time soon? • “My…

Savings incentives at 7-Eleven among ways to boost Mexico’s retirement outcomes

Savings incentives at 7-Eleven among ways to boost Mexico’s retirement outcomes

Cashiers will often ask Canadian consumers if they’d like to donate to a charity as they pay for items at retail stores. But what about…